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Studio · 444 sqftMAG 318 Tower, Business Bay · 8th floor · completed 2020

815, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in July 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 815 · DLD and Ejari recordsUpdated 30 November 2025
Last soldAED 759K3 July 2018
Current rentAED 80K /yr30 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 815, MAG 318 Tower

What is 815 worth today?

Last sold for AED 759,000 in 2018

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30 Nov 2025RentedRenewal
AED 80,000/yr12 months · AED 180 per sqft
30 Nov 2024RentedRenewal
AED 80,000/yr12 months · AED 180 per sqft
30 Nov 2023RentedNew contract
AED 75,000/yr12 months · AED 169 per sqft
30 Nov 2022RentedNew contract
AED 75,000/yr12 months · AED 169 per sqft
13 Oct 2021RentedNew contract
AED 60,000/yr12 months · AED 135 per sqft
3 Jul 2018Sold by developerOff-plan
AED 759,000AED 1,708 per sqft

Source: Dubai Land Department. Updated 30 November 2025.

Key facts

Type
Studio apartment
Size
444 sqft
Floor
8th of 22
Parking
P3-99
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 759K · July 2018
Building
MAG 318 Tower

About 815, MAG 318 Tower

815 is a studio of 444 sqft on the 8th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 3 July 2018 for AED 759,000, or AED 1,708 per sqft, 5% below the AED 1,799 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 30 November 2025, is AED 80,000 a year: a gross yield of 10.5% on the 2018 price, before the service charge of about AED 10,200 a year.

Sales and rents for 815 over time

Sales
Unit 815, each saleTypical studio in MAG 318 Tower
800K1M2017202020232026Typical sale price by year: 2017 AED 776,165; 2018 AED 787,488; 2019 AED 791,651; 2020 AED 870,514; 2021 AED 750,000; 2022 AED 850,000; 2023 AED 945,000; 2024 AED 1,030,000; 2025 AED 1,077,500; 2026 AED 995,000Sold by developer, July 2018: AED 759,000 (AED 1,708 per sqft)

815 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 815, each contractTypical studio in MAG 318 Tower
60K80K2021202320252027Typical rent by year: 2021 AED 52,000; 2022 AED 64,465; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,000; 2026 AED 60,000New contract, October 2021: AED 60,000 a yearNew contract, November 2022: AED 75,000 a yearNew contract, November 2023: AED 75,000 a yearRenewal, November 2024: AED 80,000 a yearRenewal, November 2025: AED 80,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in MAG 318 Tower, and where 815 sits

All 316 studios →

815 last sold in July 2018 at AED 1,708 per sqft, 5% below what studios in MAG 318 Tower were fetching at the time (AED 1,799). Over the last 12 months studios sold for AED 850,000 to 1,160,000, around AED 2,387 per sqft, and rent for AED 50,000 to 120,000 a year. 815's AED 80,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
22 Oct 2026850,000
27 Aug 2026920,000
7 Aug 2026850,000
21 Jul 2026850,000
21 studio sales in the last 12 months

MAG 318 Tower

Building

439 apartments, studios to 2-bed over 22 floors in Business Bay, completed in 2020 by MAG. 27 sold in the last 12 months.

Typical price per sqft
AED 2,286 Down 5.7%
Typical sale
AED 1.08M
Typical rent
AED 79K /yr
Typical yield
6.1%
MAG 318 Tower, Business Bay: prices, sales and rents →

Other units on the 8th floor

All 439 units in MAG 318 Tower
Value
8011-bedAED 1.55M · Mar 2020
8022-bedAED 1.85M · Nov 2020
803StudioAED 780K · Nov 2018
804StudioAED 780K · Jun 2018
805StudioAED 780K · Sep 2018
806StudioAED 779K · Nov 2021
807StudioAED 753K · Jul 2018
1–7 of 23

815, MAG 318 Tower in numbers

  • Sold once: by MAG on 3 July 2018 for AED 759,000, or AED 1,708 per sqft.
  • Rented since October 2021 on 5 Ejari contracts, from AED 60,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2018 price is 10.5%, before a service charge of about AED 10,200 a year (AED 23.06 per sqft).
  • Studios in MAG 318 Tower sold for AED 850,000–1,160,000 in the 12 months to November 2026; the building's median across all types is AED 2,286 per sqft.

Source: Dubai Land Department. Updated 30 November 2025.

Questions about 815, MAG 318 Tower

What did unit 815 last sell for?

AED 759,000 on 3 July 2018, sold by the developer: AED 1,708 per sqft for 444 sqft. It is the only registered sale of the unit.

What is the rent for unit 815?

AED 80,000 a year on the contract renewed on 30 November 2025. The previous contract, from November 2024, was AED 80,000; the unit has been rented since October 2021.

How big is unit 815?

444 sqft (41.2 sqm): a studio on the 8th floor of a 22-storey tower completed in 2020.

What is unit 815 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 318 Tower sold for AED 850,000 to 1,160,000 in the last 12 months, around AED 2,387 per sqft.

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Mortgage on 815, MAG 318 Tower

Starts from the last sale price (AED 759K, 3 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 759,000
Deposit, UAE resident (20%)
AED 151,800
Deposit, non-resident (40%)
AED 303,600
Monthly over 25 years at 3.7%
AED 3,105

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →